Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe, North America, Latin America, Asia-Pacific, Middle East and Africa: 2,207 cases from 44 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by regionAll jurisdictions
What for?
by topicWho?
by company- Twitter International Unlimited Company €5m 77 % · 1 case
- Vend Marketplaces ASA (vormals Schibsted ASA) €840,774 13 % · 1 case
- Anonymised companies €630,000 10 % · 2 cases
When?
per year, by date of decision| Period | Cases | Total |
|---|---|---|
| 2023 | 2 | €630,000 |
| 2024 | 0 | – |
| 2025 | 2 | €5.84m |
| 2026 | 0 | – |
4 cases
29 Oct 2025 Twitter International Unlimited CompanyCNMV: €5m fine on Twitter International over unchecked financial advertising €5m
The Comisión Nacional del Mercado de Valores (CNMV, Spanish securities market supervisor) fined Twitter International Unlimited Company 5,000,000 EUR for a continuing very serious breach of its duties to assist the supervisor. For the advertisements listed in a CNMV request of 8 November 2023, the company did not check whether the advertiser Quantum AI was authorised to provide investment services in Spain or appeared on warning lists of the CNMV or foreign supervisors; it waived administrative appeals.
Online platforms that serve advertising for financial services must check whether the advertiser is authorised and does not appear on supervisors' warning lists.
Platforms' verification duties for financial advertising
- Authority / court
- Comisión Nacional del Mercado de Valores (CNMV)
- Area of law
- Capital markets and financial supervision
- Legal basis
- Art. 290.1.n) i. V. m. Art. 290.2.f) Ley 6/2023 de los Mercados de Valores y de los Servicios de Inversión
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Media and online platforms
- Published
- 13 Nov 2025
- BOE-A-2025-23046: Resolución de 3 de noviembre de 2025 de la CNMV (sanción a Twitter International Unlimited Company) Official register or notice
- CNMV, Registro público de sanciones impuestas por la CNMV Enforcement database of an authority
Checked against the official source on 28 Sep 2026 · Direct link
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12 Aug 2025 Vend Marketplaces ASA (vormals Schibsted ASA)Vend Marketplaces (formerly Schibsted): 10 million NOK for inside information in analyst call €840,774
Between 25 and 31 March 2025 the listed operator of online marketplaces held one-to-one calls with 19 analysts ahead of its quiet period ("pre-close calls") and, in a recorded call, said that consensus for the first quarter and the full year 2025 was too high, adding expectations for individual business areas; the analyst then cut their EBITDA estimate and the share price fell by 10% on 26 March. The Finanstilsynet (Norwegian Financial Supervisory Authority) treated this as unlawful disclosure of inside information and imposed 10,000,000 NOK; as an aggravating factor it took into account that Vend had not initially handed over its prepared list of talking points. Vend announced that it would accept the fine and has decided to stop holding analyst calls before quiet periods.
Pre-close calls are not a safe space: views on analyst consensus or the current quarter belong, if anywhere, in a stock exchange announcement to everyone.
Handling inside information in investor relations and analyst conversations
- Authority / court
- Finanstilsynet (Norwegen)
- Area of law
- Capital markets and financial supervision · Market abuse and insider dealing
- Legal basis
- Art. 14 lit. c i. V. m. Art. 10 MAR; verdipapirhandelloven § 3-1 und § 21-1
- Action
- Fine
- Status of proceedings
- final
- Sector
- Media and online platforms
- Culpability
- negligent
- Published
- 20 Aug 2025
Original amount 10,000,000 NOK, converted at the ECB reference rate of 12 Aug 2025.
Checked against the official source on 28 Sep 2026 · Direct link
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25 Oct 2023 a listed German food delivery groupBaFin fines a food delivery group €630,000 for failing to disclose inside information €630,000
On 25 October 2023 BaFin (German Federal Financial Supervisory Authority) imposed a fine of 630,000 EUR on a listed German food delivery group because the company had not disclosed inside information. The fine is final.
Issuers need a well-rehearsed ad hoc disclosure process that identifies price-sensitive information and publishes it immediately.
Recognising inside information and disclosing it without delay
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Capital markets and financial supervision · Disclosure and reporting obligations
- Legal basis
- Art. 17 Abs. 1 UAbs. 1 MAR (Verordnung (EU) Nr. 596/2014)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Media and online platforms
- Published
- 8 Nov 2023
- BaFin, Maßnahmen und Sanktionen (Übersicht) (Entscheidung 2023) Press release of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 25 Oct 2025 · Direct link
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29 Sep 2023 a Swiss online insurance ranking portalFINMA: Swiss insurance ranking portal counts as an insurance intermediary Order
On its online platform the portal produces individual rankings of insurance offers through which users can request quotes; for these requests a sister company registered as an intermediary receives payments from the insurers. In enforcement proceedings the Eidgenössische Finanzmarktaufsicht (FINMA, Swiss Financial Market Supervisory Authority) found that the portal itself acts as an unaffiliated insurance intermediary even after changing the process, and ordered it to register in the intermediaries register without delay and to meet its information duties towards consumers. The ruling was not final at the time of publication.
Platforms that rank offers side by side and earn from brokered contracts should clarify their regulatory status early rather than working around it through group structures.
Regulatory classification of ranking and intermediary platforms
- Authority / court
- Eidgenössische Finanzmarktaufsicht (FINMA)
- Area of law
- Capital markets and financial supervision
- Legal basis
- Versicherungsaufsichtsrecht: Registrierungs- und Informationspflichten ungebundener Versicherungsvermittler
- Action
- Order
- Status of proceedings
- unknown
- Sector
- Media and online platforms
- Published
- 29 Sep 2023
- FINMA, News (Übersicht) (Entscheidung 2023) Press release of an authority
Checked against the official source on 2 Oct 2026 · Company name anonymised since 29 Sep 2025 · Direct link